The 2022-23 Budget: Analysis of Major CCC Proposals

Feb 11, 2022 - Using this additional data, our office estimates the COLA for 2022 ‑23 will be closer to 6.17  percent (about 0.8  percentage points higher than the Governor ’s January estimate). Covering this higher COLA rate for community college apportionments would cost about $475  million, or about $65  million more than included in the Governor ’s budget.
https://lao.ca.gov/Publications/Report/4531

California Community Colleges—Managing Cash in a Time of State Payment Deferrals

Dec 18, 2020 - The state began using payment deferrals during the dot ‑com bust but relied much more heavily on them during the Great Recession. The practice of deferring college payments peaked in 2011 ‑12, when the state deferred a total of $ 961  m illion in CCC payments —accounting for nearly 30  p ercent of CCC Proposition  98 General Fund support.
https://lao.ca.gov/Publications/Report/4307